- TrueCar (NASDAQ:TRUE) has estimated new U.S. vehicle sales totaled 1.43M units in October, +11.4% Y/Y and the highest monthly total since 2001. (PR)
- The estimated seasonally adjusted annualized rate of light vehicle sales is now at 17.9M, up from 16.6M a year ago. 2015 U.S. new vehicle sales are expected to total 17.4M, and total revenue from new and used car sales to rise 7% to $1.2T.
- TrueCar is up strongly ahead of Thursday afternoon's Q3 report. With 15.3M shares (30% of the float) shorted as of Oct. 15, short-covering is likely helping.